$$$After reading a passage about the prospect of Goldman buying a bank, Mr. Naftalis asked the chief executive if he had read the portion correctly. “Yes,” replied a smiling Mr. Blankfein, who glanced from the jury to the judge. “You read it well.” Judge Jed Rakoff, prone to making jokes during trial himself, belted out a laugh, and the courtroom followed. [DealBook]

You come to a fork on the road. One road takes you to where people always lie, the other to where people always tell the truth. There is a guy standing at the fork, and you don't know which one he's from, so you ask him, and he will inevitably point to the city of truth-tellers.

The survey proves that bankers are more honest than politicians and likely cheat less.

“Oh my God. Are you going to write about investment bankers complaining about not having enough fun while they are sunning themselves in the Hamptons?” she asked. “That’s going to do our image a load of good.”

The more frequently you monitor your portfolio, the more likely you are to observe a loss. This is likely to cause short-sighted decisions and could hurt your investment performance. If you are checking your portfolio more than once per quarter, you’re doing it too much.